YATSON & CO LTD

YATSON & CO LTD

YATSON & CO LTD - Company Information

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1 September 2022 false No description of principal activity Taxfiler 2023.10 09168529business:PrivateLimitedCompanyLtd2022-09-012023-08-31 091685292022-08-31 091685292022-09-012023-08-31 09168529business:AuditExemptWithAccountantsReport2022-09-012023-08-31 09168529business:FilletedAccounts2022-09-012023-08-31 091685292023-08-31 09168529business:Director12022-09-012023-08-31 09168529business:RegisteredOffice2022-09-012023-08-31 091685292022-08-31 09168529core:WithinOneYear2023-08-31 09168529core:WithinOneYear2022-08-31 09168529core:AfterOneYear2023-08-31 09168529core:AfterOneYear2022-08-31 09168529core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 09168529core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 09168529core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 09168529core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 09168529core:PreviouslyStatedAmount2023-08-31 09168529core:PreviouslyStatedAmount2022-08-31 09168529business:SmallEntities2022-09-012023-08-31 09168529countries:EnglandWales2022-09-012023-08-31 09168529core:LandBuildings2022-09-012023-08-31 09168529core:PlantMachinery2022-09-012023-08-31 09168529core:FurnitureFittings2022-09-012023-08-31 09168529core:LandBuildings2022-08-31 09168529core:PlantMachinery2022-08-31 09168529core:MotorVehicles2022-08-31 09168529core:FurnitureFittings2022-08-31 09168529core:MotorVehicles2022-09-012023-08-31 09168529core:LandBuildings2023-08-31 09168529core:PlantMachinery2023-08-31 09168529core:MotorVehicles2023-08-31 09168529core:FurnitureFittings2023-08-31 091685292021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. 09168529 (England and Wales)
YATSON & CO LTD Unaudited accounts for the year ended 31 August 2023
YATSON & CO LTD Unaudited accounts Contents
Page
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YATSON & CO LTD Company Information for the year ended 31 August 2023
Director
Mr Zhiyong Zhou
Company Number
09168529 (England and Wales)
Registered Office
The Fisherbeck Hotel Lake Road Ambleside LA22 0DH ENGLAND
Accountants
KONSIO CONSULTING SERVICE LTD 196 CROXLEY VIEW WATFORD HERTFORDSHIRE WD18 6PQ
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of YATSON & CO LTD for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of YATSON & CO LTD for the year ended 31 August 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of YATSON & CO LTD, as a body, in accordance with the terms of our engagement letter dated 30 August 2019. Our work has been undertaken solely to prepare for your approval the accounts of YATSON & CO LTD and state those matters that we have agreed to state to the Board of Directors of YATSON & CO LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than YATSON & CO LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that YATSON & CO LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of YATSON & CO LTD. You consider that YATSON & CO LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of YATSON & CO LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
KONSIO CONSULTING SERVICE LTD Chartered Certified Accountants 196 CROXLEY VIEW WATFORD HERTFORDSHIRE WD18 6PQ 23 February 2024
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YATSON & CO LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,265,820 
1,252,732 
Current assets
Debtors
5
356,921 
- 
Cash at bank and in hand
55,766 
28,777 
412,687 
28,777 
Creditors: amounts falling due within one year
6
(292,962)
(803,900)
Net current assets/(liabilities)
119,725 
(775,123)
Total assets less current liabilities
1,385,545 
477,609 
Creditors: amounts falling due after more than one year
7
(1,477,486)
(701,705)
Net liabilities
(91,941)
(224,096)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(92,041)
(224,196)
Shareholders' funds
(91,941)
(224,096)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 February 2024 and were signed on its behalf by
Mr Zhiyong Zhou Director Company Registration No. 09168529
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YATSON & CO LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
YATSON & CO LTD is a private company, limited by shares, registered in England and Wales, registration number 09168529. The registered office is The Fisherbeck Hotel, Lake Road, Ambleside, LA22 0DH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
@2% straight line (50 years)
Plant & machinery
@20% straight line
Fixtures & fittings
@20% straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2022
1,285,000 
40,319 
- 
48,222 
1,373,541 
Additions
- 
35,992 
11,817 
22,252 
70,061 
At 31 August 2023
1,285,000 
76,311 
11,817 
70,474 
1,443,602 
Depreciation
At 1 September 2022
77,100 
19,432 
- 
24,277 
120,809 
Charge for the year
25,700 
14,224 
2,954 
14,095 
56,973 
At 31 August 2023
102,800 
33,656 
2,954 
38,372 
177,782 
Net book value
At 31 August 2023
1,182,200 
42,655 
8,863 
32,102 
1,265,820 
At 31 August 2022
1,207,900 
20,887 
- 
23,945 
1,252,732 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
356,921 
- 
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YATSON & CO LTD Notes to the Accounts for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
134,597 
95,356 
Trade creditors
16,467 
1,307 
Other creditors
1,500 
1,500 
Loans from directors
140,398 
705,737 
292,962 
803,900 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,477,486 
701,705 
8
Average number of employees
During the year the average number of employees was 13 (2022: 13).
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